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Nov 16, 2012
11/12
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. >>> and president obama meets with top u.s. lawmakers to begin budget talks as the fiscal cliff looms. both sides are digging in their heels on on tax hikes and spending hikes. against all of the political changes we're seeing today, first i want to show you the market action. stoxx 600 is sitting roughly flat, but we've seen interesting trading session where the nikkei really surging to the up side again today. more on that in a bit. take a look at what's happening across europe because after a couple of uglier days in the market, we're seeing something of a comeback now led by technology, retail stocks are also in the green, food and beverages, autos among the sectors dragging on the in-dek. we can take a closer look at the bourses. ibex is down. ftse 100 sam thing, so we'll keep an eye on all these levels as the show progresses this morning. the bond space is where we've been focusing our attention with spain and greece on. spain today seeing prices rise, yields coming down to 5.78%. italy seeing a bit of a rally, too. sello
. >>> and president obama meets with top u.s. lawmakers to begin budget talks as the fiscal cliff looms. both sides are digging in their heels on on tax hikes and spending hikes. against all of the political changes we're seeing today, first i want to show you the market action. stoxx 600 is sitting roughly flat, but we've seen interesting trading session where the nikkei really surging to the up side again today. more on that in a bit. take a look at what's happening across europe...
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Dec 28, 2012
12/12
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president obama will meet with congressional leaders again today i
president obama will meet with congressional leaders again today i
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Nov 29, 2012
11/12
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geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue concessions and there will be entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> interesting. bill ford jr. agrees with blankfei
geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos...
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Nov 28, 2012
11/12
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obama will meet with the second group of ceos at 4:45 p.m. to get their input on how to solve the crisis. the group will include brian roberts, and yahoo!'s marisa meyer. for more, we're joined now by charles deebel. the president meeting today over the fiscal cliff. really the reason for the underperformance we've seen, not just in u.s. equities, but actually worldwide overnight. >> i think so, i think there's really a reevaluation with respect to europe going on as well, and having had a greek solution. and then they start to look at the rest of the eurozone, particularly spain. so you deal with one issue, but there are still plenty more stacked up behind. so that didn't help. but yeah, those comments clearly not constructive. it is the number one problem now having got to greece effectively out of the way, spain is on the back burner. the u.s. fiscal cliff is the worry at the moment. >> for all the time we've already spent talk about it, the reaction seems to reflect the fact that an assumption that they will reach a deal is priced in and
obama will meet with the second group of ceos at 4:45 p.m. to get their input on how to solve the crisis. the group will include brian roberts, and yahoo!'s marisa meyer. for more, we're joined now by charles deebel. the president meeting today over the fiscal cliff. really the reason for the underperformance we've seen, not just in u.s. equities, but actually worldwide overnight. >> i think so, i think there's really a reevaluation with respect to europe going on as well, and having had...
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Dec 5, 2012
12/12
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today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
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Nov 27, 2012
11/12
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president obama prepares to meet with another group of ceos, it's november 27th, 2012, "squawk box" begins right now. >>> good morning. welcome to "squawk box." i'm becky quick along with joe
president obama prepares to meet with another group of ceos, it's november 27th, 2012, "squawk box" begins right now. >>> good morning. welcome to "squawk box." i'm becky quick along with joe
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Nov 19, 2012
11/12
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president obama meeting with myanmar's president and opposition leader. obama saying his six hour stopover should be seen as a sign of support for myanmar's attempts at democratic reforms rather than endorsement of the country's government. meanwhile his three day trip is also aimed at reinforcing america's ties with the region. analysts say it's something china is watching very closely. deidre has more. >> the obama's administration to choose southeast asia as the president's first foreign trip since winning re-election was greeted by some with surprise. after all, there are far bigger economies in asia that warrant his attention. the strategic importance of southeast asia in the region is in full focus with u.s. president obama's visit to myanmar and hk's visit out here to singapore. >> it's part of a region where progress has been slowed by insecurity and mistrust. but it doesn't have to be that way. as burma opens up and establishes new ties, it could become a commercial hub linking markets in india and bangladesh with southeast asia. >> analysts say
president obama meeting with myanmar's president and opposition leader. obama saying his six hour stopover should be seen as a sign of support for myanmar's attempts at democratic reforms rather than endorsement of the country's government. meanwhile his three day trip is also aimed at reinforcing america's ties with the region. analysts say it's something china is watching very closely. deidre has more. >> the obama's administration to choose southeast asia as the president's first...
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Mar 13, 2012
03/12
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the national people's congress will be wrapping up their meeting tomorrow and they will be waking up potentially to this news from barack obama as he tries to pry open the markets to more manufacturers overseas. >> china really can't afford to have trade tensions especially as growth slows. the consensus forecast expects some easing in terms of rrr cuts by about 150 basis points. what are the current conditions that are on the ground judging from the commentary of the national people's congress? >> reporter: well, chloe, the rhetoric over the last eight days during the national people's congress has been fairly clear. the chinese government wants to tolerate lower growth and it can tolerate more managed growth that is less susceptible to economic bubbles. at the same time, the last couple of days, we had this massive trade deficit in the first months of this year. granted we're coming into a european slowdown, of course, but you also have to remember that inflation now is past the levels in china that it was seven years ago. this 7.5% growth target china announced at the start is goi
the national people's congress will be wrapping up their meeting tomorrow and they will be waking up potentially to this news from barack obama as he tries to pry open the markets to more manufacturers overseas. >> china really can't afford to have trade tensions especially as growth slows. the consensus forecast expects some easing in terms of rrr cuts by about 150 basis points. what are the current conditions that are on the ground judging from the commentary of the national people's...
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Mar 22, 2012
03/12
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arms of foreign banks to meet the same levels as american banks. reports say the change could have forced deutsche bank to inject up to $20 billion. >> president obama will continue to defend its energy policies today. he speaks in curbing, oklahoma, home to the big crude storage facility just before noon eastern. the president is expected to announce plans to expedite permits to build the southern leg of the controversial keystone pipeline. that would alleviate choke points from refines along the u.s. gulf coast. >> and coming up next, fedex is due to post earnings before the bell. can it deliver a strong profit? we'll preview the trading day on wall street. >>> fairly junior soldiers are adding a new layer of insecurity to the country which is one of the african nations. and this having an impact on randgold because the company has about 07% abo70% of its operatip part of the world and a growth program, as well. so really relying it on future growth. randgold says they're keeping a close watch on developments in marley as relates to that coup att
arms of foreign banks to meet the same levels as american banks. reports say the change could have forced deutsche bank to inject up to $20 billion. >> president obama will continue to defend its energy policies today. he speaks in curbing, oklahoma, home to the big crude storage facility just before noon eastern. the president is expected to announce plans to expedite permits to build the southern leg of the controversial keystone pipeline. that would alleviate choke points from refines...
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Mar 26, 2012
03/12
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. >> in asia, president obama meets with hu jintao. a missile launch dominates. in the u.s., after a high profile crash results, the leader of a bats stock exchange are at odds over what part to pursue next. >> latest business sentiment, 109.8 in march. this will be scenes as something of relief euro-dollar spiking up. patricia. >> better than expected. there was a big fear because of that weaker number as you were saying in the headlines of the pmi data across the board here in europe that we might see a dampening up german businesses. but here the headline number better than expected. index slightly ahead of expectations, so we should see the euro reacting corredirectly it. we're flattening out, 132.56. remember, that is the fifth consecutive month to the up side. we had a accept month high of the number. so will should be the eight month high of the number. so will this is good. we're expecting economists to make comments on what businesses expect going forward, but all in all the component with regard to inflation hasn't dampened the expectations going forwar
. >> in asia, president obama meets with hu jintao. a missile launch dominates. in the u.s., after a high profile crash results, the leader of a bats stock exchange are at odds over what part to pursue next. >> latest business sentiment, 109.8 in march. this will be scenes as something of relief euro-dollar spiking up. patricia. >> better than expected. there was a big fear because of that weaker number as you were saying in the headlines of the pmi data across the board here...
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Apr 2, 2012
04/12
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and as president obama prepares to meet with president calderon, we'll take a look at latin america and the economic prospects for the region. what are you thinking in terms of focusing your money? and as president obama prepares [ female announcer ] the next generation of investing technology is now within your grasp with the all-new e-trade 360 investing dashboard. e-trade 360 is the world's first investing homepage that shows you where all your investments are and what they're doing with free streaming quotes, news, analysis and even your trade ticket. everything exactly the way you want it, all on one page. transform your investing with the all-new e-trade 360 investing dashboard. >>> sovereign dispute flaring up in the run up to the 30th anniversary of the invasion. firms have been warn that had they will incur legal action should they provide visitor research. the sunday telegraph suggests as many as 15 banks have been september warning letters threatening criminal and civil action. >> meantime brarack obama is meeting steven harper and felipe calderon today in washington to discu
and as president obama prepares to meet with president calderon, we'll take a look at latin america and the economic prospects for the region. what are you thinking in terms of focusing your money? and as president obama prepares [ female announcer ] the next generation of investing technology is now within your grasp with the all-new e-trade 360 investing dashboard. e-trade 360 is the world's first investing homepage that shows you where all your investments are and what they're doing with...
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Nov 13, 2012
11/12
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obama will meet with ge and walmart heads this week. and the sense is that they are pushing for a deal as soon as possible whatever it might be. >> but the odds you give it before year end? >> i really do believe an agreement can be reached. >> the question is this rerun of of the movie, whether in a cinema or online. >> movies or video games, which do you prefer? >> movies definitely. i'm old fashioned. except not 3d. i hate that. gives me a headache. >> tim, good to see you. tim stanley. just remind you what's on the agenda in the united states. monthly u.s. federal budget statement will be released at 2:00 p.m. eastern. at 3:30, fed vice chairman yellen is speaking about central bank communication. and on the earnings frbt, we'll get numbers before the open from retailers home depot, michael kors, sax and tjx. marshall's, home goods. after the close, we'll hear from cisco system. >>> staying with tech for the time being, head of microsoft's windows business is leaving he spearheaded the development of that software and windows 7. the
obama will meet with ge and walmart heads this week. and the sense is that they are pushing for a deal as soon as possible whatever it might be. >> but the odds you give it before year end? >> i really do believe an agreement can be reached. >> the question is this rerun of of the movie, whether in a cinema or online. >> movies or video games, which do you prefer? >> movies definitely. i'm old fashioned. except not 3d. i hate that. gives me a headache. >>...
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Dec 10, 2012
12/12
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president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
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Oct 23, 2012
10/12
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the fed begins its two day meeting. but first, president obama and mitt romney faced off for the third and final time before election day in a last ditch effort to convince people they're the right man to lead the country. john harwood has more on the presidential debate. >> this final debate on foreign policy here in florida was one where the two candidates had totally different objectives. mitt romney wanted to come across as states man like, pass the commander in chief test. he did that p about he was smooth in his presentation. mostly unruffled under attack. agreed with president obama on several key points. president obama on the other hand tried to sustain the momentum he achieved at last week's debate by staying on the attack against mitt romney, casting him as being all over the map, saying his own foreign policy has been working. it's probably true that the president scored more debating points, but there's a question about whether his tone was most effective where romney was trying to appear calm and smooth. o
the fed begins its two day meeting. but first, president obama and mitt romney faced off for the third and final time before election day in a last ditch effort to convince people they're the right man to lead the country. john harwood has more on the presidential debate. >> this final debate on foreign policy here in florida was one where the two candidates had totally different objectives. mitt romney wanted to come across as states man like, pass the commander in chief test. he did...
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Aug 9, 2012
08/12
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president obama will get together and meet on that because that's going to be a very difficult situation if all of the tax increases go through. >> tom, good to see you this morning. thanks so much for joining us. >> thanks, ross. >> pleasure. that's it for us. we'll hand it over to u.s. "squawk box." more news coming out of the china. now four china police officials will be tried for an allege get gu kailai coverup. >>> otherwise, that's it for the "worldwide exchange." the men's 200 meter is coming up tonight. something very special can happen. >> stay tuned. >> "squawk box" is up next. [ male announcer ] this is the at&t network. a living, breathing intelligence helping business, do more business. in here, opportunities are created and protected. gonna need more wool! demand is instantly recognized and securely acted on across the company. around the world. turning a new trend, into a global phenomenon. it's the at&t network -- securing a world of new opportunities. ♪ >>> today one of our favorites, david walker can talk so many favorite things. what the country is faces. >> taxes.
president obama will get together and meet on that because that's going to be a very difficult situation if all of the tax increases go through. >> tom, good to see you this morning. thanks so much for joining us. >> thanks, ross. >> pleasure. that's it for us. we'll hand it over to u.s. "squawk box." more news coming out of the china. now four china police officials will be tried for an allege get gu kailai coverup. >>> otherwise, that's it for the...
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Oct 5, 2012
10/12
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president obama challenged mitt romney on his plans for cutting the nation's debt. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fell wloe on stage last night said he didn't know anything about that. >> the president's vision is trickle down government and i don't think that's what america believes in. i see instead a prosperity that comes through freedom. >> president of the committee for responsible federal budget, director of the fiscal policy program, as well, and joins us now. have you heard anything -- have you heard enough of of a commitment from either side of the aisle that you thought might actually work? >> well, what we didn't hear was enough specifics. so i think the good news is that that debate, the discussion was clearly focused on the deficit and debt. which is the issue that we need to be talking about particularly as we go in to the election
president obama challenged mitt romney on his plans for cutting the nation's debt. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fell wloe on stage last night said he didn't know anything about that. >> the president's vision is trickle down government and...
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Nov 12, 2012
11/12
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president obama meets with u.s. business labor and civic leaders this week to tackle the looming fiscal cliff before he sits down with that house and senate leaders on friday. and lorenzo smaghi says greece needs more time. and japanese gdp shrinks for the first time since last year, the economics minister warning the country may already be in recession. still to come, best buy fires the latest shot in the global tablet wars. can the struggling chain flex its muscle against the dominant players apple, samsung and amazon. we put the retailer's devices to the test. >>> bond markets are closed state side. stocks are trading. slightly up start. the s&p and nasdaq down nearly 2.5% each. as far as european stocks ahead of the u.s. open, fairly mixed at the moment. cac 40 down 0.2%. bond yields lower in germany and the uk. slightly higher in spain and italy. spanish yelleds just under 5.9%. now, apple and htc have buried the hatchet, settled their outstanding patent litigation. the companies have signed a broad ten year li
president obama meets with u.s. business labor and civic leaders this week to tackle the looming fiscal cliff before he sits down with that house and senate leaders on friday. and lorenzo smaghi says greece needs more time. and japanese gdp shrinks for the first time since last year, the economics minister warning the country may already be in recession. still to come, best buy fires the latest shot in the global tablet wars. can the struggling chain flex its muscle against the dominant players...
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Dec 19, 2012
12/12
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and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting, frank, and you point this out, are comments we got out of china's commerce minister or commerce secretary suggesting concern about quantitative easing because it was lowering the value of the foreign reserves, the dollar reserves that china holds. so china's apparently looking to sort of diversify away from those reserves into more generating assets. but it's having difficulty doing so because the u.s., because a lot of nations have been reluctant to let them in. any sign that attitudes there may be starting to change, particularly in light of the candidate deal? >> yeah. i think the nexen deal was good for china. the prime minister made in t clear this is not the beginning of a new trend. he sai
and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting, frank, and you point this out, are comments we got out of china's commerce minister or commerce secretary suggesting concern about quantitative...
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Mar 27, 2012
03/12
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just had a meeting between president obama and the spach stand leadership. obama says he hopes pakistan parliament review has a balanced approach of respecting pakistan solve ripity. he says either wants to see terrorist get hands on nuclear materials. let's bring you up to speak with where we've traded. chris seen. >> hopes of more stimulus is lifting. nikkei 225 posting its best performance since the tsunami hit more than a year ago. banks and automakers getting a strong lift. only weakness we're seeing is in the china market, down 0.1%. of course we had the industrial profitability indicator which will is down, a sign earnings are slowing in the chinese market but there are hopes investors are pricing in that the pboc may not be easing policy anytime soon. market drifting lower as a result. traders saying a lot of gains are more because of window dressing ahead of the end of the quarter. we have financials, real estate developers high as a result. bargain hunting helping to lift the market. australian market up 0.9%. fueling hopes maybe the rba will have
just had a meeting between president obama and the spach stand leadership. obama says he hopes pakistan parliament review has a balanced approach of respecting pakistan solve ripity. he says either wants to see terrorist get hands on nuclear materials. let's bring you up to speak with where we've traded. chris seen. >> hopes of more stimulus is lifting. nikkei 225 posting its best performance since the tsunami hit more than a year ago. banks and automakers getting a strong lift. only...
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Nov 8, 2012
11/12
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house speaker john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help reduce the country's looming fiscal cliff. and just when new york city thought it was all over, a nor'easter has smacked the tri-state area overnight. dumping inches of snow over some of hurricane sandy's hardest hit areas. wind and heavy snow have brought down power lines and electrical wires and thousands who lost power because of the last storm just lost it all over again. the storm brought the city to a virtual stand still last night. clean up crews have been working, though, to remove snow and clear the streets. we'll keep you posted on how that is doing as we look forward to the u.s. market opening today. coming up next, though, china's new leader will soon be revealed as the communist party's 18th national congress gets under way, but what does the transition mean for relations with europe? >>> hu jintao calls on china's next leaders to stamp out corruption and nir row the income gap as the communist party congress begins in be b
house speaker john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help reduce the country's looming fiscal cliff. and just when new york city thought it was all over, a nor'easter has smacked the tri-state area overnight. dumping inches of snow over some of hurricane sandy's hardest hit areas. wind and heavy snow have brought down power lines and electrical wires and thousands who lost power because of the last...
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Nov 20, 2012
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they'll present ideas to president obama and talk to lawmakers next week. reports suggest the democratic plan is expected to include letting the bush era tax cut xs fi expire for people who make more than $250,000 a year. they complain democrats aren't gaining ground on cuts to entitlement programs like medicare and social security. and jachlt p morgan has made big changes at the top. it's named a cfo. marian lake. she's currently the cfo of jpmorgan and he retail banking unit. lake will report directly to jamie dimon. jpmorgan stock in frankfurt 1.2% up. and the twinkie gets a stay of execution. they will intermediaenteinterme its striking workers. the kcompany have announced on friday it was shutting down. this after union walked off the job the week before. now the judge says he wants to try everything in order to save around 18,000 jobs. we'll take a short break. still to come, is france losing its va-va-voom? hear what the finance minister told cnbc after s&p cut the country of its aaa rating. [ female announcer ] e-trade technology can help make you a
they'll present ideas to president obama and talk to lawmakers next week. reports suggest the democratic plan is expected to include letting the bush era tax cut xs fi expire for people who make more than $250,000 a year. they complain democrats aren't gaining ground on cuts to entitlement programs like medicare and social security. and jachlt p morgan has made big changes at the top. it's named a cfo. marian lake. she's currently the cfo of jpmorgan and he retail banking unit. lake will report...
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Jun 18, 2012
06/12
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obama administration say expect no resolution. >> no relief rally in india. rbi keeps rates on hold. >>> well it felt pretty good this morning for about an hour. and then it started to evaporate. ftse 100 down. dax up. camelback flat. down 1.8% on the ibex. yields are doing it. we've moved firmly straight back on to spain. >> we have. almost think nothing happened over the weekend and to some degree that's the message from markets. we're looking at yields. spain importantly. 7.13%. we test euro highs there. italy 6.04%. even bunds are up 1.44%. on the flight to safety day we're not seeing that in the german bund. the 10 year gilt is benefiting. >> short bund versus treasurys is at the ride. currency markets we got up to a one month high. we're at 1.2633. that's below the level at which we closed on friday around 1.2640 this morning. >> .7 on the morning. >> of course this is all after the greek election results. eurozone finance ministers say expect the new government to stick to its terms. becky has got more for us in brussels. do they mean that? surely ther
obama administration say expect no resolution. >> no relief rally in india. rbi keeps rates on hold. >>> well it felt pretty good this morning for about an hour. and then it started to evaporate. ftse 100 down. dax up. camelback flat. down 1.8% on the ibex. yields are doing it. we've moved firmly straight back on to spain. >> we have. almost think nothing happened over the weekend and to some degree that's the message from markets. we're looking at yields. spain...
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Dec 18, 2012
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a deal to meet the fiscal cliff. the two met on monday and are spec'd to talk again today. reports say the proposals would raise revenues and cut spending by $1.2 trillion over the next decade. the president is now reportedly seeking to extend the bush area tax cuts for everyone making below $400,000 for the year. he's agreed to use the changed consumer price index to calculate more social security benefits. and president obama wants to raise the debt ceiling high enough to take that issue off the table for two years. boehner is expected to brief house republicans later today. joining us now for more, steven englander. fx strategy at citi. steven, hi. good morning. does that suggest to you we're going to get a resolution before, dare i say, weekend? >> i'm not sure about the weekend, but it looks increasingly as if they're both trying to avoid going over the fiscal cliff, even for a small period on of time. i think the warnings that fed economists and other economists have given is that this isn't something one shoul
a deal to meet the fiscal cliff. the two met on monday and are spec'd to talk again today. reports say the proposals would raise revenues and cut spending by $1.2 trillion over the next decade. the president is now reportedly seeking to extend the bush area tax cuts for everyone making below $400,000 for the year. he's agreed to use the changed consumer price index to calculate more social security benefits. and president obama wants to raise the debt ceiling high enough to take that issue off...
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Apr 30, 2012
04/12
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before those beijing talks, b m barack obama is meeting with yoda in washington today. trade relations expected to dominate the discussion. let's talk more with debra els.s trade supposed to be top f of t agen agenda. >> the white house originally expected him to take the pledge to join the transpacific partnership talks. but i think at this point the white house is expecting that he will not take that pledge, that instead they're expecting that they will discuss the transpacific partnership talks, but that japan is in no position to be able to commit to joining, officially joining, and so they played down the expectations what have will come out of this summit and in fact you can see that the white house is almost buried the talks all together because i don't think they expect the kind of breakthroughses that her hoping for when the talks were originally announced. >> is there a reason why politically, do they not expect noda to stay in office for long? >> the possibility is that he'll lose his position as prime minister by as early as this summer, so they don't want t
before those beijing talks, b m barack obama is meeting with yoda in washington today. trade relations expected to dominate the discussion. let's talk more with debra els.s trade supposed to be top f of t agen agenda. >> the white house originally expected him to take the pledge to join the transpacific partnership talks. but i think at this point the white house is expecting that he will not take that pledge, that instead they're expecting that they will discuss the transpacific...
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Sep 24, 2012
09/12
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romney criticized president obama for res fusing to meet with israeli prime minister benjamin netanyahu saying the exact opposite approach is what's necessary. president obama described israel as one of our closest allies in the region and joining us now is fred hopper, chairman and president of the export import bank of the united states. fred, great to see you again. good morning. >> good morning. >> how concerned should we be about the situation in israel, the situation in iran and the rhetoric we're hearing from both sides over the middle east? >> the tragedy last week was a terrible tragedy, and president obama and all of us condemned the violence we saw in the mideast. so i think that's very clear. >> how concerned are you about the situation? this isn't just an issue of how the president is handling. and its and he really on the ground a case of whether these two nations are increasingly in a war of words at least. >> well, the united states and president obama has made -- >> loobs liks like we've lost t line. >> i think either's a switching issue. it's talk more about japan and
romney criticized president obama for res fusing to meet with israeli prime minister benjamin netanyahu saying the exact opposite approach is what's necessary. president obama described israel as one of our closest allies in the region and joining us now is fred hopper, chairman and president of the export import bank of the united states. fred, great to see you again. good morning. >> good morning. >> how concerned should we be about the situation in israel, the situation in iran...
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Jun 28, 2012
06/12
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fate of obama's key health overhaul is set to be decided today. jpmorgan's trading loss could total $9 billion according to source at the "new york times". careful, pringles are bursting with more flavor. [ crunches ] mmm. [ explosion ] [ crunches ] [ explosion ] [ crunches ] [ explosion ] [ crunches ] [ explosion ] [ male announcer ] pringles... bursting with more flavor. buy 4 cans of pringles, and get your speaker... ♪ [ cheering ] ... to turn up the flavor! [ crunch! ] you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. we provide the exact individualization that your body needs. wow, that feels really good! once you experience it, there's no going back. and don't miss our special financing now through july 4th only. plus enjoy the lowest prices of the season on selected bed sets only at the sleep number store, where queen mattresses start at just $699. >>> >>> welcome back to "worldwide exchange". let's check in on u.s. futures ahead of the open there
fate of obama's key health overhaul is set to be decided today. jpmorgan's trading loss could total $9 billion according to source at the "new york times". careful, pringles are bursting with more flavor. [ crunches ] mmm. [ explosion ] [ crunches ] [ explosion ] [ crunches ] [ explosion ] [ crunches ] [ explosion ] [ male announcer ] pringles... bursting with more flavor. buy 4 cans of pringles, and get your speaker... ♪ [ cheering ] ... to turn up the flavor! [ crunch! ] you walk...
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Oct 4, 2012
10/12
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the ecb seeing holding steady on rates when central bankers meet today. spain sees yields fall as the finance minister tries to drum up interest in the country's bad bank. >>> in an interview with swiss paper, it was conceded swa it tz would struggle to reach its target. while it pledges it future to its home country, fiat could be doing the opposite. in an interview, the ceo says the firm won't be launching any new molds in italy before 2014. and says the firm has stopped investing in italy and would have gone bankrupt if it had pressed ahead with plans to renovate in that country. applied materials plans to cut between 900 and 1300 jobs. that's 6% to 9% of its workforce. the chip equipment maker has been struggling with lower sales. it hopes to achieve most of the cuts through retirement packages. stock trading down today in the german listing. this is a three month chart. over that period, down by over 3.5%. so morgan stanley reportedly in talks to sell a majority stake in its commodities unit to cut sovereign wealth fund. the move would let traders co
the ecb seeing holding steady on rates when central bankers meet today. spain sees yields fall as the finance minister tries to drum up interest in the country's bad bank. >>> in an interview with swiss paper, it was conceded swa it tz would struggle to reach its target. while it pledges it future to its home country, fiat could be doing the opposite. in an interview, the ceo says the firm won't be launching any new molds in italy before 2014. and says the firm has stopped investing in...
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Oct 3, 2012
10/12
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tonight, president obama and mitt romney get to do it for real. the men will meet face to face in the first of three presidential debates in denver, colorado, at 9:00 p.m. eastern, so set your clocks. the latest nbc "wall street journal" poll shows the president still holds a narrow 49-46% lead over romney. some 40% of voters say the country is moving in the right direction, versus 53% saying it's on the wrong track. nearly 60% believe the u.s. economy is recovering. so you can tune in to cnbc's debate coverage tonight starting at 8:00 p.m. eastern as we get you set up for the debate. >>> several top chinese banks have pulled a plug on a planned trip to tokyo. they were supposed to attend the imf's annual meetings next week. a small chinese company is up in arms with barack obama. rails corp is suing. the farms are located in oregon, in restricted air space used by the u.s. navy. they said the president acted unlawfully when he issued the order last friday. when geopolitical tensions and business wranglings with some of the u.s. are just some of t
tonight, president obama and mitt romney get to do it for real. the men will meet face to face in the first of three presidential debates in denver, colorado, at 9:00 p.m. eastern, so set your clocks. the latest nbc "wall street journal" poll shows the president still holds a narrow 49-46% lead over romney. some 40% of voters say the country is moving in the right direction, versus 53% saying it's on the wrong track. nearly 60% believe the u.s. economy is recovering. so you can tune...
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Feb 21, 2012
02/12
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the numbers don't always meet the eye in terms of exactly what's happening out there, right. the situation could be far worse than the people who haven't been looking for work, for example. when we look at these numbers, how much are they benchmarks to go by? how much should we take them with a grain of salt? >> there are also numbers we haven't been looking at like private sector employment has fwroen tore 23 straight months in a row so this is, of course, traditionally the biggest area of employment. so i think the momentum has been utterly positive and not yet reflective in the markets. the s&p trades at 12 times earnings. historically it trades for 15 times earnings. we have 20%, 30% upside or much more this year. >> do you feel 20% or 30%, that's huge. >> i don't know if we'll get it all this year but we'll have that. the european situation has put a lid on the market, the last time i was here was august 9th and was blowing up back then and ever since then it's been a lid on our market and has kept our good news from letting the market go up very much. sure the market is
the numbers don't always meet the eye in terms of exactly what's happening out there, right. the situation could be far worse than the people who haven't been looking for work, for example. when we look at these numbers, how much are they benchmarks to go by? how much should we take them with a grain of salt? >> there are also numbers we haven't been looking at like private sector employment has fwroen tore 23 straight months in a row so this is, of course, traditionally the biggest area...
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May 7, 2012
05/12
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and then he will travel to washington to meet president obama before going to the grchlt 8 summit and then we will have elections in france and then only will we start to talk about politics. so we're kind of quiet for one month. >> my impression on my second visit to france during this election is actually people didn't necessarily vote for specific policies from hollande, what they did was reject the incumbent, they rejected sarkozy. and that's a powerful force, but i can't see where the concrete proposes are to get to something that won't get to a balanced e nobody talked about specifics. >> first priority was spending power. but they didn't explain how they would do it. second concern is employment. none explained how they would create jobs. and hollande was careful in the choice of words. when he say he wants to lead the war on finance, he didn't say specifically what i want to do with finance. when he said i want to lower the legal age of retirement to 60, he didn't mention that you needed to work for 41 years before being retired. >> powerful force voting out the incumbent. we'
and then he will travel to washington to meet president obama before going to the grchlt 8 summit and then we will have elections in france and then only will we start to talk about politics. so we're kind of quiet for one month. >> my impression on my second visit to france during this election is actually people didn't necessarily vote for specific policies from hollande, what they did was reject the incumbent, they rejected sarkozy. and that's a powerful force, but i can't see where...
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Nov 15, 2012
11/12
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egypt's president will be holding an emergency meeting with cabinet including his minister of defense to discuss aggression on gaza. morsi said he spoke to president obama to find ways to stopping a agrees and reach peace in the region. he says israelis must realize aggression is unacceptable and only leads to instability in the region. and you can see the reaction in commodities this morning. brent adding half a percent even as we're seeing broadly speaking stocks underperforming this morning. not exactly a growth friendly mix out of the markets. these are your headlines, though. china is introducing the world to it next generation of leaders. the eurozone falls in to recession after posting a decline in third quarter gdp p. even germany is showing a slowing in growth. and president obama says the fiscal cliff issue is solvable as he gets set to begin critical budget talks on friday. >>> bp says it's in advance talks to settle criminal charges over the 2010 gulf oil spill. the company could pay a record fine topping $1.3 billion paid in 2009 for marketing fraud. eric holder is report
egypt's president will be holding an emergency meeting with cabinet including his minister of defense to discuss aggression on gaza. morsi said he spoke to president obama to find ways to stopping a agrees and reach peace in the region. he says israelis must realize aggression is unacceptable and only leads to instability in the region. and you can see the reaction in commodities this morning. brent adding half a percent even as we're seeing broadly speaking stocks underperforming this morning....
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Dec 14, 2012
12/12
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president obama and house speaker john boehner meeting again yesterday pore an hour. and as they say, the lines of communication remain open. as congress goes home for the weekend. another facebook lock up ends and another 156 million shares could be up for grabs. ha
president obama and house speaker john boehner meeting again yesterday pore an hour. and as they say, the lines of communication remain open. as congress goes home for the weekend. another facebook lock up ends and another 156 million shares could be up for grabs. ha
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Mar 5, 2012
03/12
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now speak to go a pro-israeli group ahead of a meeting with benjamin netanyahu, barack obama warned the u.s. will do anything necessary to prevent iran from acquiring a nuclear weapon. >> i have said that when it comes to preventing iran from obtaining a nuclear weapon i will take no options off the table, and i mean what i say. that includes all elements of american power. a political effort aimed at isolating iran, a diplomatic effort to sustain our coalition and ensure that iranian program is monitored. an economic effort that imposes crippling sanctions. and, yes, a military effort to be prepared for any contingency. >>> yousef, what's it like on the ground? >> reporter: it's with been a fascinating speech and it's quite challenging to really dig through all of these different statements starting, of course, with u.s. president barack obama's speech. he did not rule any options out but, again, he also made it clear that diplomacy was still one of the hoped for solutions that basically with the help of sanctions and additional pressures eiran might turn a attorney in its contentious
now speak to go a pro-israeli group ahead of a meeting with benjamin netanyahu, barack obama warned the u.s. will do anything necessary to prevent iran from acquiring a nuclear weapon. >> i have said that when it comes to preventing iran from obtaining a nuclear weapon i will take no options off the table, and i mean what i say. that includes all elements of american power. a political effort aimed at isolating iran, a diplomatic effort to sustain our coalition and ensure that iranian...
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Nov 14, 2012
11/12
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back to you. >>> president obama gets more input today on how to tackle the fiscal cliff. he'll meet with several ceos this afternoon with a press conference at 1:30 p.m. eastern. the group includes the heads of american express, xerox, ge, and honeywell. the white house says he'll call for $1.6 trillion in tax hikes on businesses and wealthy americans, more than republicans are likely to accept. speaking at a "wall street journal" event tuesday, tim geithner warned congress against delaying a solution to the fiscal crisis. >> if you say again, as we've had to do before, because there was no alternative, we're going to extend and delay, what gives people confidence that people have to negotiate this will come to the table and negotiate? they always believe they can just extend again. i know the cliff is unattractive. it would cause a lot of damage to the american economy. that damage is imminently avoidable. not that complicated to solve. >> hmm, not that complicated. not so sure. just as one leadership transition is behind us -- oh, i should mention before we move on to t
back to you. >>> president obama gets more input today on how to tackle the fiscal cliff. he'll meet with several ceos this afternoon with a press conference at 1:30 p.m. eastern. the group includes the heads of american express, xerox, ge, and honeywell. the white house says he'll call for $1.6 trillion in tax hikes on businesses and wealthy americans, more than republicans are likely to accept. speaking at a "wall street journal" event tuesday, tim geithner warned congress...
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Feb 14, 2012
02/12
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china's vice president will meet with vice president barack obama today as part of his u.s. trip. xi widely seen as the leader in wait i waiting is expected to discuss issues ranging from geopolitical tensions to trade and joining us now to talk more about that is frank neville, vp of global communications and former state department spokesperson for the u.s. embassy in beijing. frank, let's start with this visit today. we've seen a similar visit about ten years ago when ghu jintao came to the united states as well. can we expect much today or is it a getting to know you visit? >> well, certainly it's a getting to know you visit. i wouldn't expect any major athounsments. we have to remember that this is an election year in both china and the united states and both sides are going to be playing to the crowd, as it were on the u.s. side. obama is going to need to show that he can push the chinese on economic issues particularly the exchange rate and the trade deficit whereas on the chinese side he is going to need to show that he can manage the relationship and that he can stand up
china's vice president will meet with vice president barack obama today as part of his u.s. trip. xi widely seen as the leader in wait i waiting is expected to discuss issues ranging from geopolitical tensions to trade and joining us now to talk more about that is frank neville, vp of global communications and former state department spokesperson for the u.s. embassy in beijing. frank, let's start with this visit today. we've seen a similar visit about ten years ago when ghu jintao came to the...
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Feb 9, 2012
02/12
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xi is touted to be china's next president is scheduled to meet with u.s. president barack obama next tuesday. >>> and some earnings to tell you about this time from the world's number two pc maker lenovo group are reporting numbers that beat market expectations. the company's profit surged 54% versus a year earlier while revenue rose 44% in the same period. however, growth was sluggish for the third consecutive quarter. the highlight of a crisis in europe and a shortage of hard disk drives as key challenges for the global pc secotor. ross? >>> and corporate news here, shares in credit suisse today are trading down, just under 2% lower. the banking giant has fallen into the red in the fourth quarter, recording a loss of over 1 billion swiss francs. it had been expected to of 430 million. that loss of 637 for the quarter, credit suisse said its cost cutting program is on track and that it had cut its 2011 executive compensation by almost 30%. daimler is one of the standout stocks in europe, its shares up over 4%. the owner of mercedes-benz hiked after profit
xi is touted to be china's next president is scheduled to meet with u.s. president barack obama next tuesday. >>> and some earnings to tell you about this time from the world's number two pc maker lenovo group are reporting numbers that beat market expectations. the company's profit surged 54% versus a year earlier while revenue rose 44% in the same period. however, growth was sluggish for the third consecutive quarter. the highlight of a crisis in europe and a shortage of hard disk...
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Nov 5, 2012
11/12
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br barack obama visited china one year after being elected and during his meeting with hu jintao, currency dominated the talks as beijing had repegged its currency to the dollar during the global financial crisis. and in early 2011, china lost its title as the number two economy of the world. at the national people's congress this year, wen announced that the 2012 growth forecast would be cut to 7.5% and just months ago, they cut its benchmark interest rates for the first time since june. and shortly after in july, another rate cut followed. back it to you, ross. >> looking to the asian automaker, hyundai and ki chlt sha a shares were stunned after admitting they misled on their fuel economy.chlt a shares were stunned after admitting they misled on their fuel economy. a shares were stunned after admitting they misled on their fuel economy.a shares were stunned after admitting they misled on their fuel economy. >> automakers seem to be moving quite fast to address the claim, running apology ads and coming out with compensation plans. but we're talking about some 1 million vehicles sold over
br barack obama visited china one year after being elected and during his meeting with hu jintao, currency dominated the talks as beijing had repegged its currency to the dollar during the global financial crisis. and in early 2011, china lost its title as the number two economy of the world. at the national people's congress this year, wen announced that the 2012 growth forecast would be cut to 7.5% and just months ago, they cut its benchmark interest rates for the first time since june. and...
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May 15, 2012
05/12
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president obama says jpmorgan's loss illustrates the need it for wall street reform. in new york on monday he says the same type of error at a less stable bank may have prompted the government to step in. joining us now is delaware governor jack markel, good morning, governor. your state's a big employer of a lot of these financial services firms. jpmorgan expected to add jobs there. are you worried about the bank's future? >> good morning. it's good to be with you. i think with a we really want to do here is give the regulators and an opportunity to take look at what's happened. i'm sure there's a lot of interest on capitol hill. i do think that we have to remember that we do want banks to be able to hedge their positions. because otherwise they're never going to lend more money. there's got to be a way for them to manage their risks. >> are you worried that with regulation maybe again after jpmorgan's trading loss more regulation than we thought a couple weeks ago in the months ahead, that that will ultimately push financial services in the u.s. overseas? >> i do th
president obama says jpmorgan's loss illustrates the need it for wall street reform. in new york on monday he says the same type of error at a less stable bank may have prompted the government to step in. joining us now is delaware governor jack markel, good morning, governor. your state's a big employer of a lot of these financial services firms. jpmorgan expected to add jobs there. are you worried about the bank's future? >> good morning. it's good to be with you. i think with a we...
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Oct 17, 2012
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president obama and mitt romney have one more debate next week. they may have left it all out on the mat last might. the men were much more confrontational during their first meeting, repeatedly bouncing off their stools and speaking over each other. they disagreed on several issues. the president accused romney of selling a sketchy deal to fix the economy. romney says the middle class is being crushed under obama. >> if the unemployment rate was 7.8% when he took off, it's 7.8% now. but if you calculated that unemployment rate, taking back the people who dropped out of the work force, it would be 10.7%. >> governor romney says he's got a five-point plan. governor romney doesn't have a five-point plan. he has a one-point plan. and that plan is to make sure that folks at the top play by a different set of rules. >> joining us now for more, mary jo jacoby. and aaron task. good morning to you both. mary jo, your thoughts from the debate last night. it was seen as more of a win, i guess, for obama given his underperformance last time around. >> it was
president obama and mitt romney have one more debate next week. they may have left it all out on the mat last might. the men were much more confrontational during their first meeting, repeatedly bouncing off their stools and speaking over each other. they disagreed on several issues. the president accused romney of selling a sketchy deal to fix the economy. romney says the middle class is being crushed under obama. >> if the unemployment rate was 7.8% when he took off, it's 7.8% now. but...
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Feb 17, 2012
02/12
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he brokered meetings between bank executives. lawyers in the suit want to force geithner to give a deposition by the march 16th deadline. >>> and president obama is set to make a speech today focused on bringing jobs back it to the u.s. he'll announce new financing rules that will make it easier for u.s. businesses to export their goods. a new trade assistance plan to a boeing plant in washington state. obama said within the past they face unfair advantages when trying to export products overseas. this all comes as the chinese vice president xi jinping wraps up a u.s. visit. david, at the same time, of course, we've heard mitt romney come out as well and say trade over china is the last thing i want but i cannot tolerate our current trade surrender. what is going to happen between trade tensions and relations between the u.s. and china as we go through u.s. election and we get a change of chinese leadership? >> well, i think you say a change in chinese leadership, look at who really leads china and i've been of the opinion it's l
he brokered meetings between bank executives. lawyers in the suit want to force geithner to give a deposition by the march 16th deadline. >>> and president obama is set to make a speech today focused on bringing jobs back it to the u.s. he'll announce new financing rules that will make it easier for u.s. businesses to export their goods. a new trade assistance plan to a boeing plant in washington state. obama said within the past they face unfair advantages when trying to export...
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Feb 8, 2012
02/12
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speaking just ahead of a visit to washington, he's set to meet with president obama, they want to grow domestically as well as in the entire eurozone. >> and let's bring in richard jerun. julia was just talking about what appears to be some consentons for the ecb. >> i think you want to see all sides making concessions. and it doesn't make any sense if the ecb doesn't flock to appeal and on the other hand is trying to make such an effort to save -- through the financial system. >> the ecb is making concessions, but julia was saying it appears that other national central banks in europe might not do so. can we have this kind of discrepancy at a time when it seems to be crunch time? >> i think you can, because it does come down to the idea that essentially you're moving to a fiscal union and in the fiscal union the sense it's going to take a lot amount of the responsibility on the ecb is a part of that. you could say, well, it's not that different from monetizing the debt, but ultimately it makes sense to make the concession. >> richard, this comes out today we saw data from germany and
speaking just ahead of a visit to washington, he's set to meet with president obama, they want to grow domestically as well as in the entire eurozone. >> and let's bring in richard jerun. julia was just talking about what appears to be some consentons for the ecb. >> i think you want to see all sides making concessions. and it doesn't make any sense if the ecb doesn't flock to appeal and on the other hand is trying to make such an effort to save -- through the financial system....
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Sep 7, 2012
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hillary clinton will be heading the delegation in lieu of barack obama. i think a lot of the discussion and focus will be on some of the bilateral meetings, especially with the simmering tensions within the region about territorial issues and, of course, syria. we're gearing up for a big weekend here as apec summit kicks off here this weekend. back toy. >> covering all of that. we're already seeing some commentary from putin. in fact, i think even the provisional statement coming out of that meeting. in any case, still to come on the program this morning, will china's reported $160 billion infrastructure spending spree help revif the mainland steel industry? bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "h
hillary clinton will be heading the delegation in lieu of barack obama. i think a lot of the discussion and focus will be on some of the bilateral meetings, especially with the simmering tensions within the region about territorial issues and, of course, syria. we're gearing up for a big weekend here as apec summit kicks off here this weekend. back toy. >> covering all of that. we're already seeing some commentary from putin. in fact, i think even the provisional statement coming out of...
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Sep 5, 2012
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services pmi shows a slump on the eve of a key ecb meeting. >>> and michelle obama firing up the base at the democratic national convention. >>> those are the head lines. today in britain's prime minister questions the first one since the summer recess it promises to be a heated affair after yesterday's cabinet reshuffle. becky joins us for more. there's been sort of the idea the government wanted to get on the front foot ahead of the start of the new parliamentary sessions and prove they are doing what's necessary for growth. how do you think it's going down? >> they're halfway through parliament, about 2 1/2 years into the possible length of this current government. they're saying this phase of government they're moving into is delivery. that's what they're trying to get across to the electorate. prime minister's questions today, it will be interesting to see how opposition react to that. mi miliband will have a chance to go head to head with david cameron on these issues but they're trying to position themselves in that kind of way. obviously, economic growth is one of the key fact
services pmi shows a slump on the eve of a key ecb meeting. >>> and michelle obama firing up the base at the democratic national convention. >>> those are the head lines. today in britain's prime minister questions the first one since the summer recess it promises to be a heated affair after yesterday's cabinet reshuffle. becky joins us for more. there's been sort of the idea the government wanted to get on the front foot ahead of the start of the new parliamentary sessions...